COVID-19 Impacts: IoT Platform Market will Grow by USD 1.7 Billion During 2020-2024 | Large-scale Benefits of Using IoT Devices to Boost Growth | Technavio
Technavio has been monitoring the IoT platform market and it is poised to grow by USD 1.70 billion during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global IoT Platform Market 2020-2024 (Graphic: Business Wire)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Alphabet Inc., Amazon.com Inc., AT&T Inc., Cisco Systems Inc., Huawei Investment & Holding Co. Ltd., International Business Machines Corp., Intel Corp., Microsoft (News - Alert) Corp., Nokia Corp., Samsung Electronics Co. Ltd., and Siemens AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Large-scale benefits of using IoT devices have been instrumental in driving the growth of the market. However, the rise in privacy and security issues might hamper the market growth.
IoT Platform Market 2020-2024: Segmentation
IoT Platform Market is segmented as below:
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IoT Platform Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our IoT platform market report covers the following areas:
This study identifies the investments in IoT startups as one of the prime reasons driving the IoT platform market growth during the next few years.
IoT Platform Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the IoT platform market, including some of the vendors such as Alphabet Inc., Amazon.com (News - Alert) Inc., AT&T Inc., Cisco Systems Inc., Huawei Investment & Holding Co. Ltd., International Business Machines Corp., Intel Corp., Microsoft Corp., Nokia (News - Alert) Corp., Samsung Electronics Co. Ltd., and Siemens AG. Backed with competitive intelligence and benchmarking, our research reports on the IoT Platform Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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IoT Platform Market 2020-2024: Key Highlights
Table Of Contents:
Five Forces Analysis
Market Segmentation by End-user
Market Drivers - Demand led growth
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